Wednesday, August 21, 2013 3:08:59 PM
They borrowed and spent as much as possible regardless of what could actually be repaid. When it became clear that the spending could not be sustained they just shifted the burden of repayment onto new investors and gave themselves raises.
None of what is happening now is about saving NEOM for the sake of investors, or the dream that is NEOM, it's about protecting the cash cow for management at any cost.
So why stop the gravy train? Well id say for the sake of revenge, because I hate liars, but at the very least its about stopping them from screwing over anyone else.
Those of you worried about your investment and want to help keep them going, just think about the high probability that this time next year your current investment will be worth 99% less... Your money is already gone, one way or another...
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM